In a new chart, which can be viewed below, the WGA estimated how that $343 million breaks down on a studio-by-studio basis. It estimates that the proposed contract would cost Disney an additional $75 million, or less than 0.1% of its $82 billion annual revenue. It also estimates that Netflix would pay up an additional $68 million, or 0.2% of its $31.6 billion annual revenue.
Oh ONLY 68 MILLION dollars, not to mention the ever increasing cost of living for all the other unionized cast and crew. I suppose they can totally just absorb those costs, or people should not get cost of living increases right… The company has a little over a 10% profit margin, which doesn’t seem egregious to me.
WGA Lays Out Costs Per Studio of Their $343 Million Increase to Contract (16 May 2023)
Oh ONLY 68 MILLION dollars, not to mention the ever increasing cost of living for all the other unionized cast and crew. I suppose they can totally just absorb those costs, or people should not get cost of living increases right… The company has a little over a 10% profit margin, which doesn’t seem egregious to me.
And we do realize that revenue is different from net profits correct?